Title Loans For Cars – Are They Really Safe?

title loans for carsTitle loans for cars have been established as a safe, fair and reliable method to obtain short-term loans and not for nothing have they established this reputation. But some concerns arise as to whether these loans are as secure as they seem. However, there are a multitude of reasons to disprove these concerns.

To begin with these car title loans are short-term loans which have a small payback time and thus, very low interest rates. This makes them extremely safe for people who have an urgent need for money and who may be on the verge of bankruptcy.

Moreover, lenders of such title loans quotes are even ready to provide cover for people who have a long history of bad credit by giving them a chance to obtain loans and even improve their credit rating, side by side.

In this category of loans, the lender only keeps the car’s title as security against the loan while the car, itself, remains with the customer.

Even the processing of this loan is quite speedy involving minimal bureaucracy and paperwork. Since it forgoes the process of credit checks, it takes less than a day for car title loan lenders to approve your loan and send you the required money. Marked by affordable rates, you can easily borrow this money to meet all your household expenses like utility bills, small repairs and credit card bills.

Read more

Car Title Loans With Low Interest – Are They Really Beneficial?

Car title loans have been around for sometime now and although, they are the most popular means of obtaining short-term loans, they have also been dubbed as disastrous and harmful for the borrower due to a number of reasons. But are they good or is it just a myth?

Well, the answer is that title loans for cars are in fact, an excellent way of raising money due to a variety of reasons.

title loans for  carsThe first and foremost is that people with bad credit can easily access these loans and don’t have to undergo any face-to-face meetings, credit reviews or background checks unlike other conventional loans. Since the loans are secured against your car or other vehicle, the lender does not need to perform any of the afore-mentioned precautionary measures.

Many people need to buy clothes, pay off bills or meet other vital expenses and in such scenarios, the last thing they would want is to face further hassles or difficulties in obtaining money or cash for spending.  With these loans, you can either apply online or just call your local office to get cash within a short span of time often ranging a few hours only.

The distinguishing feature of these loans is that they are accompanied by incredibly low interest rates which make them particularly attractive for borrowers. Unlike other loans, the rates are so competitive that you do not keep accruing debts and are able to conveniently pay them off without having to spend your last dime.

Read more

Car Title Loans Online – Tips on Determining Your Car’s Value

You may need to determine your car’s value for obtaining car title loans online successfully. There are different ways to assess the value of your car. Of course, the value differs with the vehicle’s model, interior and exterior condition, make, mechanical shape and additional features such as airbags and anti-lock brakes. Although a car’s loan value is not set in stone, you can still work out the average title loans quote you will get for your car

These are just few of the methods that you can opt for in this case:

  • Assess your car’s condition by looking for mechanical flaws as well as cosmetic problems. If you are unsure, you can contact a trusted mechanic to appraise the condition of your car.
  • Browse the official site for The Kelley Blue Book.  Depending on the car whose worth you want to know, you can click either on the “Used Car” tab or the “New Car” tab. Enter the year, model and make of the car from the provided boxes on the next page and then proceed to know the “Suggested Retail Value” of your vehicle. Fill out any additional features that your car may have and continue. Follow the guidelines closely, scour the selections carefully and based upon the condition of your car, get the approximate loan value for it.
  • Surf through consumer websites, other car-related resources and magazines like Auto Trader and Consumer Reports to get a general idea about the loan value your car is worth. Keep an eye open for cars that are similar to yours in terms of mileage, cosmetics, wear and tear and any other extra features.

Benefits of Car Title Loans

Online Title Loans
Car title loans are undoubtedly, the smartest way to get financed. With this form of short-term loans, you can easily rejuvenate your money and furnish cash for any and every kind of need you encounter; be it mandatory down payments or unexpected bills.

The best part about these loans is that since their duration is short, they do not overburden the borrower with financial stress and in case, the borrower is unable to repay the loan in that period, he can always ask for extensions. Many car title loan providers like Qik Title Loans San Diego offer flexible schedules for the repayment of loans which are tailored to the needs of the particular borrower.

Read more

Title Loans Vs Payday Loans

happy lady after a title loan transactionWith the surfeit of alternatives available in most states regarding short-term loans, it can become quite confusing when deciding on which alternative to opt for. In dire circumstances, your best bet is to find loans that offer quick cash, low interest rates and a flexible payment schedule. After excluding most options, the final dilemma is to decide between title loans and payday loans.

The question that arises is whether there is a difference between the two and which one of them is better?  Title loans for cars are meant to provide quick cash to owners of cars who receive amounts proportional to the equity of their car. Payday loans, on the contrary, are not based on your assets but rather, on your income. The latter, however, provides lower loan amounts with higher interest rates.

When confronting a financial hardship, these title loans for cash offer borrowers financial assistance right when they need it the most. This is a befitting option for those who lack a good credit history because these title loans do not entail any credit checks, making it easier for such people to obtain loans. Moreover, it is also a means to enhance your credit score because the payback terms are so flexible that almost anyone can easily return the money within the given duration.

Read more

Having an Emergency Financial Situation? Title loans for Cars Can Help!

easy steps for auto title loans

Are you in urgent need of cash and find yourself in the midst of a grave financial dilemma? In such circumstances, your plight may hardly fetch you money if you opt for traditional payday loans and chances are you have a history of bad credit which worsens the situation. Read more